Direct Loan Canada Blog

Canada’s main stock index was up nearly 100 points in late-morning trading as gains in the base metals sector helped lead a broad-based rally and U.S. stock markets also advanced.
Source: ctv business
S&P/TSX composite up nearly 100 points, U.S. stock markets also climb higher

Small business owners are praising a measure in the federal budget to lower credit card interchange fees, but some industry representatives argued the move will do little to save costs for consumers.
Source: ctv business
Businesses praise credit card fee relief but consumers savings not guaranteed

Real estate observers say a new mortgage code of conduct promised in the federal budget will be handy for Canadians facing financial difficulties, but they still feel the economic plan was lacking needed housing affordability measures.
Source: ctv business
Mortgage moves ‘good news’ for borrowers, but budget lacks housing support: experts

The federal government has air travel on its radar after laying out plans in its budget to speed up airport security screening and reduce flight delays.
Source: ctv business
Budget aims for a smoother passenger experience, but ‘devil is in the details’

Months after Canada’s ban on foreign homebuyers took effect on Jan. 1, the Canada Mortgage and Housing Corporation has made several amendments to the legislation allowing non-Canadians to purchase residential properties in certain circumstances.
Source: ctv business
Canada makes amendments to foreign homebuyers ban – here’s what they look like

A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April.
Source: ctv business
Bank of Canada watching for potential spillovers from global banking stresses

Longtime Starbucks CEO Howard Schultz faced sharp questioning Wednesday before the Senate Health, Education, Labor and Pensions Committee as he defended the company’s actions during an ongoing unionizing campaign.
Source: ctv business
Starbucks’ Howard Schultz defends union stance before Senate

Sportswear maker Adidas on Wednesday reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes.
Source: ctv business
Adidas retracts opposition to Black Lives Matter three-stripe design

Saudi Arabia’s state-owned oil giant Aramco will invest billions of dollars in China’s downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday.
Source: ctv business
Saudi Aramco to invest billions in Chinese petrochemicals

Along with improving access to health care and investing in a clean economy, the 2023 federal budget also includes plans for a one-time ‘grocery rebate.’ If you’re hoping to apply for this rebate, CTVNews.ca wants to hear from you.
Source: ctv business
How would you spend Canada’s proposed grocery rebate? We want to hear from you